Business

June 4, 2014 8:07 PM

CBI registers 46 FIRs in Saradha chitfund scam

The Central Bureau of Investigation, CBI, has registered 46 FIRs in the multi crore Saradha chitfund scam. Sitting Trinmool Congress Rajya Sabha MP Kunal Ghosh has been named as an accused. CBI spokesperson said in New Delhi that of them, 43 FIRs pertain to Odisha and three to West Bengal. The inves...

June 4, 2014 8:07 PM

CBI registers 46 FIRs in Saradha chitfund scam

The Central Bureau of Investigation, CBI, has registered 46 FIRs in the multi crore Saradha chitfund scam. Sitting Trinmool Congress Rajya Sabha MP Kunal Ghosh has been named as an accused. CBI spokesperson said in New Delhi that of them, 43 FIRs pertain to Odisha and three to West Bengal. The inves...

June 4, 2014 8:03 PM

Arun Jaitley to hold pre-budget consultations from tomorrow

Pre-Budget consultations will kick off from tomorrow.In this exercise, Finance Minister Arun Jaitley will hold meeting with different stakeholders including, representatives of industry chambers, trade unions, financial services sector and state finance ministers to get sector-specific suggestions f...

June 4, 2014 9:44 AM

IIT B'bay to provide real time load data to GETCO

In a bid to avoid the repeat of the major power breakdown of July 2012, the IIT-Bombay, will soon develop analytics to provide Gujarat Electricity Transmission Corporation (Getco) real-time load data, which will maintain stable operation in the event of small disturbances in Gujrat.Speaking to media...

June 4, 2014 9:42 AM

RBI monetary policy aims at balancing growth, inflation: Jaitley

Finance Minister Arun Jaitley has described the RBI's Second Bi-Monthly Monetary Policy Statement as a calibrated approach aimed at striking a balance between growth and inflation. In a statement issued in New Delhi, Mr Jaitley said that it is a priority for the government to maintain a bal...

June 4, 2014 9:00 AM

RBI monetary policy calibrated approach to balance growth, inflation: Jaitley

Finance Minister Arun Jaitley has described the RBI's Second Bi-Monthly Monetary Policy Statement as a calibrated approach aimed at striking a balance between growth and inflation. In a statement issued in New Delhi, Mr Jaitley said that it is a priority for the government to maintain a bal...

June 4, 2014 8:58 AM

IIT B'bay to provide real time load data to GETCO to avoid breakdown

In a bid to avoid the repeat of the major power breakdown of July 2012, the IIT-Bombay, will soon develop analytics to provide Gujarat Electricity Transmission Corporation (Getco) real-time load data, which will maintain stable operation in the event of small disturbances in Gujrat.Speaking to media...

June 4, 2014 8:56 AM

AirAsia B'lore-Goa launch tickets sold out in 10 minutes

Low-cost carrier AirAsia India, all set to launch operations from next week with a Bangalore- Goa flight, today said tickets for its inaugural service were sold out within 10 minutes.The airline in a release said that tickets for the maiden flight scheduled on 12th of this month were sold out within...

June 4, 2014 8:54 AM

SC verdict likely today on Sahara Roy's plea on release from jail

The Supreme Court is likely to deliver its verdict today on a plea of Sahara Group Chief Subrata Roy seeking modification of an earlier order asking him to pay 5,000 crore rupees in cash besides a bank guarantee of an equivalent amount for securing his release from jail. A bench of justices TS Thaku...

June 3, 2014 8:41 PM

RBI keeps key rates unchanged to keep inflation under check

The Reserve Bank of India, RBI has kept key rates unchanged to keep inflation under check. The repo rate, at which the RBI lends to banks, has been retained at 8 per cent. The reverse repo rate will also remain unchanged at 7 per cent. The statutory liquidity ratio, SLR for banks has been cut by 0.5...

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